CU*Answers has developed a daily file upload process to Magic Wrighter including various member loan information in order to facilitate CU*BASE clients being able to offer their LoanPay Xpress solution. LoanPay Xpress solution delivers an all-in one, multi-channel, mobile optimized platform for payment acceptance. It provides borrowers of all types with a quick and easy method for making their loan payments from any outside FI checking/savings account or credit/debit card. Several benefits include reduced paper check handling, decreased in-bound call volumes, and automating your CU’s back-end ACH payment posting. All payments post directly to the individual loan account via ACH as early as the next business day, eliminating the need for manually posting credit.
LoanPay Xpress can take Visa debit, Mastercard debit and credit, and Discover debit and credit as forms of payment.